AIC

VCT funds under management have hit £2.9bn this year, the highest level since the sector was established in 1995.

A solar power stock that has soared over 500% year-to- date has boosted Allianz Global Investors' RCM Global Technology trust to top-decile performance.

Investment company purchases on platforms by advisers and wealth managers are up 53% in the first six months of 2013 against the same period last year, research by the Association of Investment Companies (AIC) shows.

Investment Week's Kyle Caldwell has scooped a prestigious award for his coverage of the investment trust industry for the second consecutive year.

Aberdeen's Bruce Stout, manager of the £1.6bn Murray International investment trust, has reduced his fixed interest exposure to its lowest level in 25 years, claiming there is little value left in the asset class.

ITs

Multi-asset managers have been forced to move into specialist vehicles or even switch to open-ended funds as the number of closed-ended vehicles trading on a premium to NAV hits a post-crisis high.

Andrew Bell, chairman of the Association of Investment Companies (AIC), has warned many boards have not moved quickly enough to reduce charges on their investment trusts.

The Association of Investment Companies (AIC) has named the top 20 performing and most consistent investment companies over the past decade.

ITs